Cryptocurrency Market On Sunday, Nov 4 Bitcoin Cash Goes Up

Interestingly, the same index report from August had put Bitcoin among the top ten blockchain projects. Reason is mainly that there are still no exchange-traded index Fund (ETF) on digital currencies. In October, the number of points decreased to 92.5, which led to a reduction in the rating table of the credibility of the bitcoin blockchain until the 19th place.

The drop could have appeared in the wake of Bitcoin's lower adoption while settling payments or creating decentralized applications (dapp). Still public blockchain digital currency relies on the decision of third parties to solve the problem of scalability. In this regard, bitcoin has become less attractive payment tool compared to competitors, which transactions are confirmed faster.

Despite this, the system of indicators CCID has detected the dominance of bitcoin in terms of innovation. The digital currency scored 34.6 points on creativity, trailing ahead the rest of the 32 listed coins on the index.

From the point of view of innovation, in the top five are bitcoin, Ethereum, Square, EOS, NULS and Cardano.

EOS and Ethereum continue to dominate the CCID index for the fourth time.

After the Bitcoin reached at the end of previous year, with around 20,000 dollars of his all-time High, the interest of the investors towards the new digital currency.

"At present, EOS and Ethereum are undoubtedly the preferred platforms for Dapp development worldwide, and EOS is showing a stronger momentum. The data shows that EOS Dapp is highly active and user increments are large".

Blockchain projects Ripple and Nuls has also entered the top 10 ranking, and such as Lisk and Qtum decreased. While Ripple had a strong month with the launch of its xRapid payment solution and partnerships with major banking and financial firms, Nuls, a China-based blockchain project, scaled its operations by entering the USA market.

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